Money Laundering and Terrorist Financing pose significant challenges for businesses today, necessitating dynamic and robust compliance strategies. At A2CO, we specialise in equipping local subject entities with the tools and expertise needed to navigate and adhere to stringent AML Regulations. Recognising the intensified efforts by Local Authorities in combating these financial threats, subject entities are increasingly in search of effective and efficient ways to meet AML and KYC requirements while reducing the compliance burden.

A2CO is your partner in delivering superior Outsourcing AML and KYC Solutions, including:

1. AML Compliance Outsourcing :

A2CO provides expert AML professionals to manage essential AML functions on your behalf, whether on-site or remotely. Our comprehensive services include :

 

  • Thorough reviews and updates of client files.
  • Acquisition of new customers.
  • In-depth Customer Due Diligence and Enhanced Due Diligence.
  • Verification of Customer and Beneficial Owner identities.
  • Screening for Politically Exposed Persons (PEPs).
  • Execution of Customer Risk Assessments.
  • Use of advanced screening technology for name screenings and adverse media checks.
  • Digital management and storage of due diligence documents.

2. AML Evaluation & Health Check :

Compliance with local AML regulations is non-negotiable. A2CO provides detailed AML evaluations and health checks to ensure your processes are up to standard, involving:

 

  • Examination of your AML Manual and Client Acceptance Policy.
  • Review of Business Risk Assessments of your AML Risk Model.
  • Analysis of a sample of Customer Files.
  • Evaluation of Country Risk Reports.
  • Ongoing monitoring and review of sanctions.
  • Assessment of in-house screening procedures.
  • Examination of new employee questionnaires.
  • Audit of STR-related processes and record-keeping methods.

3. Client Onboarding Questionnaire Development :

Crafting precise and comprehensive Client Onboarding Questionnaires is a cornerstone in preventing Money Laundering and Terrorist Financing. A2CO offers specialised services to develop these questionnaires, ensuring they are meticulously designed to gather essential data for evaluating the ML/FT risk associated with each client. This enables continuous monitoring and compliance with AML legal obligations. Our questionnaires are tailored to address the unique aspects of your client base, covering :

 

  • Detailed information collection for Corporate and Natural Persons.
  • Specific questionnaires for Corporate Agents and Natural Person Agents.
  • Intermediate and Retention Questionnaires to ensure ongoing compliance and risk assessment.
  • Development of a robust Customer Acceptance Policy (CAP) as part of the questionnaire process.

4. Professional AML Education :

A2CO offers custom AML Training that includes your internal policies, procedures, and other reporting lines. Beyond providing presentation materials, we issue certificates of attendance, ensuring your team complies with FIAU's implementing procedures and stays informed about the latest in AML/CFT frameworks. This training is essential for Designated Personnel, Financial Crimes Reporting Officers, Company's Board of Directors, and Senior Management.

Outsourcing with A2CO not only mitigates risks of non-compliance but also strengthens your standing with regulatory bodies through proficient AML checks and procedures. Our specialists keep abreast of the latest legislative updates, ensuring your AML strategies are effective and decisions by your MLRO are well informed. For comprehensive support in enhancing your AML frameworks, connect with A2CO for tailored assistance.

CONTACT: 
CONTACT: 
John Caruana 
Anton Dalli
Compliance Director
Partner
Group 34 (1)
CONTACT:
John Caruana
Compliance Director
Group 26 (3)
CONTACT:
Anton Dalli
Partner
Related Services

AML Risk Modelling

Assistance with FIAU, MFSA
or MGA compliance visits

Drafting of policies & procedures

Latest Articals

Rectangle 3 (3)

Creative Idea

Corporate Services

Rectangle 3 (2)

Creative Idea

iGamming

Creative Idea

Corporate Services

12